Terreno Realty Sells 162 KSF Industrial Asset in LA
ByThe property, which is located in Whittier, Calif., sold for $25.3 million and generated an unleveraged internal rate of return of 14.5 percent.
Terreno Realty Corp. sold an industrial property in Whittier, Calif., for around $25.3 million. The company bought the asset from Sohnen Enterprises in 2012 for $16.1 million. The estimated unleveraged internal rate of return generated by the investment was 14.5 percent.
The 161,610-square-foot industrial development was built in 2004 on approximately 7.4 acres. Located at 12252 E. Whittier Blvd., the Class A property is close to Whittier Marketplace and PIH Health and has easy access to interstates 605 and 5. The one-story asset was managed and leased by CBRE and is fully leased to one tenant…
Terreno Realty Sells 162 KSF Industrial Asset in LA
